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820 Pennsylvania Ave Mason City, IA 50401-5828

OFF-MARKET Warehouses Google Maps
14,268 SF 1.11 ac lot Built 1976
Individually Owned 1-yr Hold Free & Clear
Estimated value (blended)
$360k
Range $324k – $396k (±10%)
Property ID US25-0560184

Property summary

AI-generated overview

This exceptional 14,268-square-foot industrial warehouse, located at 820 S Pennsylvania Ave in Mason City, Iowa (zip code 50401), presents a compelling owner-user opportunity. The property boasts a spacious 12,000-square-foot warehouse area complemented by a 2,268-square-foot office space. The warehouse features two 16' x 16' drive-through doors, one on the east and one on the west side, allowing for efficient truck traffic flow. Two additional dock doors further enhance loading and unloading capabilities. The well-maintained warehouse is equipped with a heating system and a sprinkler system, ensuring both comfort and safety. The office area is in good condition and includes three bathrooms, a conference room, a reception area, and multiple private offices, providing ample space for administrative functions. This versatile property is ideally suited for businesses seeking a combination of warehouse and office space in a convenient location within Cerro Gordo County. The asking price for this turnkey operation is $749,900. This is a rare opportunity to acquire a functional and well-equipped industrial property in a desirable location.

Property profile

Verified
Property type Warehouses
Use group WAREHOUSE, STORAGE
Year built 1976
Total area 14,268 SF
Lot 1.11 ac (48,482 SF)
APN 71035600900
UPID US25-0560184

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Telecommunications Service General Contractor

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$360k
CAP Approach CAP
by Request
Comparable Approach Comparable
$632k
Blend (final) Blend
$360k

Owner & transaction history

since 2024
2 recorded transactions
2024
Price N/A
2022
Price N/A

Zoning & alternative use

Top alternative use upside
Retail stores $930,000 +12.0%
Office building $915,000 +10.5%

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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